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Hyundai, Kia Pump The Brakes On Solid State Batteries Until 2030
- Hyundai and Kia caution that solid state batteries may not be commercially available until 2030, unlike other automakers pushing for earlier timelines.
- Hyundai's Global Product Planning Chief, Spencer Cho, emphasizes the complexity and challenges in manufacturing solid state batteries, indicating a cautious approach.
- While Hyundai works on solid state battery technology, it continues to enhance existing battery chemistries like Lithium Iron Phosphate (LFP) and Nickle Manganese Cobalt (NMC) cells.
- Nissan's CEO, Makoto Uchida, is facing potential replacement amid financial woes and a partnership collapse, with Nissan downgraded to 'junk' status by major credit raters.
- Stellantis chairman, John Elkann, criticizes Trump's imposition of tariffs on cars and suggests targeting imported vehicles without U.S.-sourced parts instead.
- The automotive industry is concerned about potential tariff impacts on car prices, manufacturing jobs, and inflation due to incorrect targets by the Trump administration.
- Consumers eagerly anticipate solid state batteries for EVs, offering faster charging, enhanced performance, and extended range, but the actual production timeline remains uncertain.
- Automakers are unsure about the initial affordability of solid state batteries, signaling potential exclusivity to higher-end vehicles upon introduction to the market.
- The delayed availability of solid state batteries prompts the question of whether consumers will wait for this technology before upgrading or purchasing an EV.
- The uncertain future of solid state batteries and the potential implications on the automotive industry highlight the ongoing challenges and advancements in battery technology.
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